We break down the state of the Meme economy and make comparisons to what we saw in the 2021 bull cycle. Memes on Solana have strong parallels to the NFT market on Ethereum from last cycle, especially when you compare revenue figures of the top marketplaces like pump.fun to Opensea. We give our thoughts on where we are on the timeline of meme mania and speak about the impacts memes are having on the broader crypto market. This includes methods of launching new projects by leveraging memes as a more user friendly go to market vehicle to onboard community and then adding complexity layers down the road to not off-put sentiment.
Also, when it comes to marketing narratives memes seem to be dominating the mind share so we discuss how we are approaching $NAT from a marketing perspective. Now that $NAT is weeks away from officially becoming Bitcoin’s second subsidy reward coin, how we classify this new coin is important for public perception. Some do not see $NAT as a candidate to fit within the existing market demographic of memes and rather see a new narrative formed around the coin that distinguishes it from the meme asset class due to its technical provenance to DMT and the broader mission of supplying Bitcoin miners with additional subsidy to sustain network security. We discuss our thoughts on this and also the liquidity dilemma when it comes to supporting Bitcoin assets. All sectors of the Bitcoin ecosystem are facing this problem and are actively working toward building solutions that can either bring more liquidity to Bitcoin from other chains or port Bitcoin native assets to other chains like Solana to benefit from those capital markets.
Its been a long journey with Corona Zombies and it has arrived in its earliest form. The MetaZone team is working on a first party MMORPG style zombie game where landowners participate in hosting the apocalypse. Weapons will be NFTs, upgradeable, have progression and individual attributes. In this podcast we have the developer of MetaZone join us to discuss what's new on Corona Zombies and how we're enabling a multiplayer for persistent gaming in Decentraland.
Right off the heels of the biggest competition in Decentraland, a soccer tournament with 24 crypto companies face off on Moonshot! Iman has been commentating while the rest of the team has been preparing and competing in the tournament. We also discover a pattern we're seeing in the crypto space found in almost all sectors of the economy. The 80/20 rule where 80% of the audience focuses on the speculative aspects of a given market while the remaining 20% focuses on production, feasibility, improvement of that same market. The Decentralized Finance space is surging at the moment with the surge of new tokens appearing for trade. Finally, our final topic is how gaming will evolve in Decentraland.
In Texas we're experiencing another wave of Corona Virus illnesses and many cities are recommending people to stay at home as often as possible. In today's podcast we heed their advice as we host another discussion from a long distance. We start the conversation with the implications of NFT game assets. Do they need to be supported long term? Is it reasonable to expect developers to support their NFT assets in all future games? With the popular use of the Ethereum network, gas fees have been at levels detrimental to the end user. Its beginning to interfere with business operating on the network, and the source seems to be from Tether. We also begin tossing around the idea of a MetaZone token. What is the use of such token and we begin to formulate the early design of tokenomics. As we continue to contribute to the construction to Decentraland, we postulate on what sorts of activities are needed to bring a thousand daily active users? Finally, could Ethermon gameplay be the start of longterm gameplay in Decentraland? Will this contribute to bringing in thousands of active users?
William and Iman gather to discuss the latest updates with MetaZone and Decentraland. This week we go over our discoveries in incentivizing players to participate in competitive gameplay for prizes. We've gone through monetization as part of a gameplay mechanic and now we've held the largest prize for a competition. We'll be testing new ideas to see player interaction. NFT interoperability has been one of the main topics we discuss internally often. We go over what interoperability means, how it could impact gameplay, and the developer cost of doing so. Part of our daily activities is supporting the upcoming Ethermon game in Decentraland. We go over some details of some of the gameplay mechanics and what players will be able to do with their new Ethermon pets. Finally, we also announce the winner to our largest competition so far and the biggest prize so far; a land parcel in Decentraland.
We are proud to announce our collaboration with Ethermon to bring Digital Pets into Decentraland! In this collaboration we help the Ethermon team distribute their digital pet game to various landowners. Each landowner will be able to sell Ethermon as well We started this journey with just a podcast that evolved into a tool for the Decentraland community that allows creators to fund their own development. Each user generated creation is on its way to becoming an NFT and on that path we’ve generated over 2 million mana. That means over 1.4 million mana directly in the hands of the creators. With that level of creative resources we expect to see more development into Decentraland which will bring us closer to a well populated metaverse.